HDB Financial ServicesNSE:HDBFS -0.91%9 PB Ratio is 2.96 as of Jul. 08, 2026, which is 6% below its 10-year median of 3.16. GuruFocus rates NSE:HDBFS with a GF Score™ of 9/100. The stock has 3 warning signs investors should review. Among 522 Credit Services companies, HDB Financial Services ranks worse than 83.52% on this metric.
The historical rank and industry rank for HDB Financial Services's PB Ratio or its related term are showing as below:
NSE:HDBFS'
s PB Ratio Range Over the Past 10 Years
Min: 2.32 Med: 3.16 Max: 4.42
Current: 2.95
During the past 4 years, HDB Financial Services's highest PB Ratio was 4.42. The lowest was 2.32. And the median was 3.16.
NSE:HDBFS's PB Ratio is ranked worse than 83.52% of 522
companies
in the Credit Services industry
Industry Median: 1.05
vs NSE:HDBFS: 2.95
During the past 12 months, HDB Financial Services's average Book Value Per Share Growth Rate was 30.50% per year.
During the past 3 years, the average Book Value Per Share Growth Rate was 21.80% per year.
During the past 4 years, the highest 3-Year average Book Value Per Share Growth Rate of HDB Financial Services was 21.80% per year. The lowest was 21.80% per year. And the median was 21.80% per year.
Back to Basics: PB Ratio
HDB Financial Services (NSE:HDBFS) PB Ratio Explanation
The PB Ratio works the best for the businesses that earn most of their profit from their assets, e.g. banks and insurance companies.
Be Aware
Some businesses have very light assets, such as software companies or insurance agencies. The PB Ratio does not work well for these companies. Some companies even have negative equity, so the PB Ratio cannot be applied to them.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Credit Services subindustry, HDB Financial Services's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
HDB Financial Services PB Ratio vs Credit Services Industry
For the Credit Services industry and Financial Services sector, HDB Financial Services's PB Ratio distribution charts can be found below:
* The bar in red indicates where HDB Financial Services's PB Ratio falls into.
The PB Ratio, or Price-to-Book ratio, or Price/Book, is a financial ratio used to compare a company's market price to its Book Value per Share. It is a ratio widely used to value stocks.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
It can also be calculated from the numbers for the whole company:
A closely related ratio is called Price-to-Tangible-Book. The difference between Price-to-Tangible-Book and PB Ratio is that book value other than intangibles are used in the calculation.
HDB Financial Services (NSE:HDBFS) has a PB Ratio of 2.96 as of Jul. 08, 2026. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HDB Financial Services and its competitors. This is near median its historical median of 3.16. Over the past decade, HDB Financial Services' PB Ratio has ranged from 2.32 to 4.42. According to the industry distribution chart, HDB Financial Services ranks #436 out of 522 companies in the Credit Services industry, placing it in the top 83.5%.
Is HDB Financial Services' PB Ratio too high?
HDB Financial Services' current PB Ratio of 2.96 is near median its 10-year median of 3.16. Over the past 10 years, this metric has ranged from a low of 2.32 to a high of 4.42. The Credit Services industry median PB Ratio is 1.05. HDB Financial Services' value of 2.96 is 181.9% above this industry median. Based on the distribution chart, HDB Financial Services ranks #436 out of 522 companies in the Credit Services industry, which is in the bottom quartile relative to peers. Overall, HDB Financial Services has a GF Score™ of 9/100, reflecting its overall financial health beyond just this single metric.
How does HDB Financial Services' PB Ratio compare to V and MA?
According to the Credit Services industry distribution chart, HDB Financial Services ranks #436 out of 522 companies for PB Ratio. This places HDB Financial Services in the lower half of its industry. The industry median PB Ratio is 1.05. HDB Financial Services' value of 2.96 is 181.9% above this benchmark. Historically, HDB Financial Services' own PB Ratio has ranged from 2.32 to 4.42 over the past decade. While the company's 10-year median is 3.16 vs. the industry median of 1.05, HDB Financial Services has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good PB Ratio for a Credit Services company?
The median PB Ratio among Credit Services companies is 1.05, based on 522 companies in the industry. Companies in the top quartile (top 25%) have a PB Ratio significantly above this median, while those in the bottom quartile fall well below. However, PB Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. HDB Financial Services's current PB Ratio of 2.96 is 181.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high PB Ratio mean?
A high PB Ratio can signal that a stock is expensive relative to its fundamentals. Price-to-Book ratio is the ratio of share price to a company's book value per share. View historical data on HDB Financial Services and its competitors. For the Credit Services industry, the median PB Ratio is 1.05 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. HDB Financial Services's current PB Ratio is 2.96, which is near median its own 10-year median of 3.16. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is HDB Financial Services stock overvalued right now?
HDB Financial Services (NSE:HDBFS) has a current PB Ratio of 2.96. The current PB Ratio is 2.96, which is near median its 10-year median of 3.16 and 181.9% above the Credit Services industry median of 1.05. HDB Financial Services' overall GF Score™ is 9/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is PB Ratio calculated?
PB Ratio is calculated from a company's financial statements. For HDB Financial Services (NSE:HDBFS), the current PB Ratio is 2.96 as of Jul. 08, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
HDB Financial Services Ltd is a non-banking finance company that provides lending services and business process outsourcing. The company also offers services related to the marketing and promotion of various financial products. Additionally, it provides BPO services that encompass back-office services such as form processing, document verification, finance and accounting services, and correspondence management, as well as front-office services including contact center management, outbound marketing, and collection services. The company's operating segments are: Lending services and BPO services. The majority of its revenue is generated from the Lending services segment, which includes providing finance to retail customers for a variety of purposes. Its operations are concentrated in India.
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